AGCS slips to Q4 and full year loss on back of Covid claims and reserve strengthening

Allianz Global Corporate & Specialty (AGCS) posted an operating loss of €225m in Q4 and €482m for 2020, as its annual combined ratio fell to 115% from 112.3% on the back of Covid-19 claims and reserve strengthening. AGCS’s fourth-quarter loss compares to a loss of €534m in the same period of 2019. Its fourth-quarter combined ratio was a concerning 124.4%,…

Please register or login to view the full post